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Pageonce Handling $1 Million per Day in Mobile Bill Payments

Thumbnail image for PageonceLogo.jpgYou may or may not want to send money to friends and family. But sooner or later, we’ve all got bills to pay. 

And betting on the latter is paying off for mobile payment company, Pageonce.

Here are the key items from the company’s recent announcement as reported in TechCrunch:

  • Processing $1 million in mobile bill payments every day
  • Expecting an annual payment volume run-rate of $1 billion by the middle of 2013
  • Reached a 30% month-over-month growth in payment volume

Pageonce_mobile_payments_graph.jpg              Source: TechCrunch

Pageonce has more than 7.5 million users and 6,000 billers. The company’s mobile bill payment operation began a year ago. An upgrade last November added new features such as File Cabinet and Scheduled Payments.

With more than 50 employees, Pageonce has raised more than $20 million in venture funding capital. They demoed at FinovateSpring 2010.